Blog entries tagged with "equity":


equity: The Verdict is in: Your 30 Year "Fixed" Mortgage is NOT fixed..... - 02/10/07 09:39 AM
I was one of those "company men" that worked and still does work for a Large comercially well known Mortgage Bank....I was set in my Ways of how I thought things worked or were supposed to work in regards to Institutional lending....I am your "typical" type A personality that thought I had it … (8 comments)

equity: Be Mortgage Free in a Fraction of the Time!!! - 02/09/07 02:44 PM
        
             Step1: Watch The  MMA Tour !!! It Will Answer 90% Of your Questions.
Here is a little teaser: On a $200,000 30 year mortgage at 6%, the MMA software can cut the interest by as much as $167,001.78 based on the family situation in the video you just viewed. This would reduce the interest paid … (0 comments)

equity: Let the Good Times Roll - 01/31/07 10:27 AM
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equity: Real Estate Glossary - 01/30/07 06:13 PM
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equity: The Best Home Loans... - 01/28/07 09:23 AM
What is the best home loan?  If you are uncertain about what the best home loan is many people will offer their opinion to help you decide.  Friends, neighbors, co-workers and relatives will all offer different advice and help point out how to get it.  Real estate professionals and loan originators … (0 comments)

equity: 7 Reasons To Own Your Own Home - 01/11/07 01:51 PM
 
         7 Reasons to Own Your Own Home
Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.
Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent … (0 comments)

equity: Mortgage Sources Corp partners with CMG to bring you the Home Ownership Accelerator Loan TM - 01/10/07 03:48 PM
Home Ownership Accelerator Loan TM Are you interested in paying off your home early?If you are interested in paying off your home in half the time but don't want a bi-monthly loan, pay additional money towards principle or a 15 year mortgage, then the Home Owner Accelerator Loan TM might be the … (2 comments)

equity: How do you find a proper mortgage planning specialist? - 01/04/07 12:04 PM
I know some of my fellow mortgage planners may cringe when they read the headline to this article, but I do hope that we all have an open mind to the whole concept of mortgage planning.  We're not "Mortgage preservation" specialists, but we need to be mortgage planning advisors.  Like everything in … (4 comments)

equity: Should You Own Your Home? - 12/30/06 10:57 PM
Should You Own Your Home? The American Dream Of  Homeownership Isn't Right For Everybody... Or Is It?by John Occhi, Hemet REALTOR
When you are ready to buy your first home you will often find yourself full of anxiety , trying to determine if you are making the right decision.  You go through all … (0 comments)

equity: Just when we thought we saw the Kinkiest of Loans... - 12/28/06 12:02 PM
Just when we thought we saw the Kinkiest of Loans...by John Occhi, HEMET REALTOR
I was catching up on my reading this week and looked back at a trade newsletter I receive, that was sent out before Christmas.  Usually some good stuff and sometime some pretty off the wall stuff.  Well, I … (2 comments)

equity: Notes from a Day of Short Sale Training - 12/27/06 02:54 AM
SHORT SALES - DO YOU REALLY WANT TO KNOW?
I recently attended a full day seminar on Short Sales, thinking this was the 'new wave' in real estate.  I've got to tell you I cam away very disapointed if this is the direction the market is headed.  To sum it up, they … (82 comments)

equity: 7 Reasons To Own Your Own Home - 12/12/06 07:17 PM
 Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.  Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. And while there's no guarantee … (0 comments)

equity: Easy Accessibility Leads to Easier Sale - 12/12/06 10:22 AM
When your home is on the market it needs to be shown to be sold.  Sounds like a silly statement, doesn't it?  If you followed an agent for a day you might think otherwise.  Let's say the client called me that morning and said "my house just sold here in Dallas, and I'm … (2 comments)

equity: Move Up Buyer? Prefer an Appreciating or Depreciating Market??? - 12/04/06 03:02 PM
In an appreciating market, the ‘move up' buyers have garnered a chunk of equity in their first property.  They can then apply that equity towards a large down payment on a more expensive property.  Let's start with Day 0 where the buyer bought their starter home for $150,000.  Over the next 5 … (10 comments)

equity: Standing Outside the Car Dealership With My Billboard - 11/19/06 03:38 AM
I live in the country, and part of country living where I'm at is having a sizable number of mobile home parks nearby.  Traveling in the morning, dropping kids off at school, I'm constantly beseiged by images of these mobile home owners driving BMW's, Escalades, Lexus...  How can we convince the … (4 comments)

equity: ARMs - Just in case you wanted to know - 11/18/06 12:29 AM
Adjustable Rate Mortgages (ARMs) have been pretty popular lately in the media, but not necessarily in a good way.  This post is not going to address the media or repuation that surrounds these mortgage products.  Instead, it is going to inform you, the consumer, of what an ARM is and why … (2 comments)

equity: Energy efficent windows. Are they cost effective for resell value? - 11/16/06 09:56 AM
I was just wondering if anyone new if installing energy efficent windows was a cost effective way to build equity in your home.  Will they raise the value of my house enough to make it worth while if I am planning to sell when the market is better, or does the … (4 comments)

equity: Sweat Equity in the Winter Months - 11/14/06 01:12 PM
Does anyone have any good tips of things that you can do to your house during the winter to raise your home equity?  I am in the process of finishing my basement, but wasn't sure if there are other easy things that can be done to help my house value to … (8 comments)

equity: Compelling Reasons for Owning Versus Renting - 11/09/06 02:41 PM
Tax Incentives - The United States Tax Code allows a deduction for the interest paid on a mortgage, the property taxes paid, and some of the actual costs involved in the purchase.
Appreciation - Since 1989, home prices, nationwide, have increased at an average of 5.5% annually. Though there's no guarantee of continued appreciation, … (0 comments)

equity: Managing your Home Equity - 10/28/06 02:47 AM
As a Mortgage Planner one of the most difficult concepts to try to explain to a client that is new to the equity management approach is the fact that equity offers no rate of return. Some home owners that have 20 to 50% equity built up in there home seem to … (0 comments)

equity: Sources of Down Payment - 10/08/06 09:20 AM
One of the most appreciated services offered by buyer agents is helping buyers find the source of the down payment to buy their new home, especially when they thought they couldn t afford it. Below, you will find a partial list of some potential sources for a down payment. Equity in your current … (2 comments)

equity: Online Training Seminars - 10/07/06 09:03 PM
I will be adding a series of on line presentations in the upcoming months pertaining to the following topics;•Credit Scoring (available now at Credit Score Online Seminar)•Reducing Debt•Mortgage and Real Estate Taxation•Equity Management •Education Funding•Mortgage Planning•Economics and the Financial Markets•Real Estate Investment Strategies•Vacation Home StrategiesI will also be making these Free … (0 comments)

equity: YOUR OWN HOME: A WISE INVESTMENT - 10/07/06 10:52 AM
YOUR OWN HOME: A WISE INVESTMENT             You may be looking for opportunities to make more money by considering avenues of investment.  The best investment is still the purchase of your own home.  Home values have traditionally appreciated at the annual rate of inflation--about 2% to 4% each year. Yet during the … (1 comments)

equity: Cash flow loans, are they dangerous - 09/11/06 06:38 PM
If your from the California market you've probably know more then anyone in regards to how to sell a "cash flow" or "option" loan.  You know, the loans with the four different options each month.  In Utah, (we're really conservative), we've been taught that a mortgage is a necesasry evil, and … (1 comments)

equity: It sounded like a good idea! - 09/06/06 01:39 PM
Let's build a community in the middle of the desert and have them come to us. It worked for Vegas....It worked for Phoenix. How about Queen Creek? Coolidge? Maricopa? Well, maybe not as good. It was a great investment if you purchased a couple years ago. But what about those who … (0 comments)

equity: Zero Point/Zero Fee Loans (Part 1) - 08/30/06 01:56 PM
Zero Point/Zero Fee Loans Explained What happened to the conventional wisdom of waiting for the rates to drop 2% before refinancing?You have a 30-year fixed loan at 8.5%. A loan officer calls you up and says they can refinance you to a rate of 8% with no points and no fees whatsoever.What a … (1 comments)

equity: Should I Pay Points? - 08/30/06 01:51 PM
Should I Pay Points?The best way to decide whether you should pay points or not is to perform a break- even analysis. This is done as follows:1.) Calculate the cost of the points. **Note: 1 point is equivalent to 1 percent of the loan amount. Example: 2 points on a $100,000 … (0 comments)

equity: Helping Investor Clients Achieve Cash Flow with High LTV Mortgages - 08/14/06 10:34 PM
It's another great dilemna - you have an investment client who belives in "No Money Down" for investment properties but you want them to have equity in their purchases so they will come back again and again for more purchases. We all want investors to win and be successful. 
You really know … (1 comments)

equity: 7 Reasons to Own Your Own Home - 08/03/06 06:21 PM
•1.             Tax breaks. For the time being, the U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.
•2.             Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. … (2 comments)

equity: Increasing Value vs. Marketability - 07/31/06 07:56 AM
I see one huge mistake time after time. It causes more anguish between my mortgage division and clients than any other valuation issue: Finishing a basement to increase property value.It doesn't.It increases MARKETABILITY but hardly affects VALUE.Cut that out. I saw you roll your eyes! Here is a cold, hard fact: … (4 comments)

equity: Should You Leverage Your Home or Pay It Down Rapidly - 07/19/06 10:18 PM
There is a great debate within the inner-mortgage circles these days. Should we, as loan professionals, encourage clients to borrow as much money as possible? Or would consumers benefit more if we helped them to understand the advantages of 15-year amortization schedules and pre-paying principal? Let's examine the pros and cons … (0 comments)

equity: Renters Have Much to Gain by Pursuing Home Ownership - 07/19/06 10:15 PM
Buying a home vs. renting is a big decision that takes careful consideration, as most mortgage consultants will agree. But the rewards of home ownership are great. For many years, purchasing real estate has been considered an extremely profitable investment. It is an achievement that offers a sense of pride, financial … (0 comments)

equity: Refinancing your equity... - 07/18/06 09:00 AM
One of the bedrock principles in owning your own home is security for the future, an investmnet that over time will appreciate.  (Nationally housing has not declined significantly in value over the last 80 years.)  But what homeowners have being doing over the last decade or so is refinancing their current … (3 comments)

equity: 7 Reasons To Own Your Own Home - 07/09/06 12:04 PM
7 Reasons To Own Your Own Home1. Tax Breaks – The interest you pay on your mortgage, property taxes and some of your closing costs are all tax deductible.2. Gains – Between 1998 and 2002, national home prices have increased an average of 5.4% annually. While no one can guarantee appreciation … (1 comments)

 
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